Answer:
It's the second one.
Step-by-step explanation:
The points on the graph align with the coordinates on the table.
For example, the fist point is (0,2) and the table shows that and the second point lands on (4,3) which is also shown in the table.
This can be calculated using the formula:
P = L((r/n)*(1 + r/n)^(n*t))/((1 + r/n)^(n*t) - 1)
Where:
L = 4759
r = 0.209
n = 12
t = 3
So plugging in our data:P = 4759((0.209/12)*(1 + 0.209/12)^(12*3))/((1 + 0.209/12)^(12*3) - 1)
Which will give us the amount of: $179.05 is the monthly repayments.
Other info:
Total interest:$1,686.80
Total cost:$6,445.80
Let's first find the equation to find what the population went up to. X, will be the population of last year.
1.15x=76,894
Now, we need x by itself, so we need to divide both sides by 1.15.
76,894÷1.15≈66,864
There are decimals, but for this problem, hae .3478 of a person would not fit.
We can check our answer.
66,864×.15=10,029.6
10,029.6+66,864=76,893.6 (rounds up to 76,864)
So the population of the town last year was about 66,864 (66,864.3478) people.
